Better Business Bureau of North Al… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

Karen Reeves

Phone

2565331640

Tax Period

2024-01-01 to 2024-12-31

Better Business Bureau of North Alabama, founded in 1979, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 5% surplus.

Mission

Promote goodwill to members, settle disputes between members and businesses and advance market place trust.

Program Service Accomplishments

Program 1

Expenses: $1,095,180 Revenue: $1,322,008

To settle disputes between consumers and businesses, promote goodwill to members and supporting business, and advance marketplace trust

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,163,344

Program Service Revenue $136,035

Investment Income $22,629

Other Revenue $0

TOTAL REVENUE $1,322,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $758,760

Fundraising Expenses $82,728

Program Expenses $1,095,180

Other Expenses $499,882

TOTAL EXPENSES $1,258,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,322,008	$1,294,696	+0.0%
Expenses	$1,258,642	$1,329,531	-0.1%
Net Income	$63,366	$-34,835	-2.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$75,661

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Reeves	Executive Director	40.00	Key Emp	$75,661	$0	$75,661
Taylor Simmons	Board Chair	4.00	Officer Director	$0	$0	$0
Wayne Sisco	Immediate Past Chair	4.00	Officer Director	$0	$0	$0
Sean Leopard	Chair Elect	4.00	Officer Director	$0	$0	$0
Jonathan Dunwoody	Secretary	4.00	Officer Director	$0	$0	$0
Gena Hamilton	Treasurer	4.00	Officer Director	$0	$0	$0
Alex Adams	Member	4.00	Officer Director	$0	$0	$0
Delores Baker	Member	4.00	Officer Director	$0	$0	$0
Kris Brown	Member	2.00	Director	$0	$0	$0
Terri Dean	Member	2.00	Director	$0	$0	$0
Lourdes Feria	Member	2.00	Director	$0	$0	$0
Scott Gillies	Member	2.00	Director	$0	$0	$0
Griffin Goodwin	Member	2.00	Director	$0	$0	$0
Keith Jackson	Member	2.00	Director	$0	$0	$0
Jim King	Member	2.00	Director	$0	$0	$0
Maria Mares	Member	2.00	Director	$0	$0	$0
Jonah Mayhall	Member	2.00	Director	$0	$0	$0
Dee Musselman	Shoals Chair	2.00	Director	$0	$0	$0
Brent Paris	Member	2.00	Director	$0	$0	$0
Mike Pepple	Decatur Cullman Chair	2.00	Director	$0	$0	$0
Lee Reaviel	Member	2.00	Director	$0	$0	$0
Janet Toone	Member	2.00	Director	$0	$0	$0
Cindi Walz	Member	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,322,008	$1,258,642	$839,206	$63,366
2023	$1,294,696	$1,329,531	$783,734	$-34,835
2022	$1,328,455	$1,274,810	$892,559	$53,645
2021	$1,414,955	$1,226,869	$737,459	$188,086
2020	$1,317,844	$1,258,435	$584,936	$59,409
2019	$1,349,938	$1,279,466	$474,622	$70,472

Better Business Bureau of North Alabama